| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for HCA West, Inc. > News item |
Former Hytera disclosure statement approved; plan hearing Feb. 10
By Sarah Lizee
Olympia, Wash., Dec. 7 – HCA West, Inc., formerly Hytera Communications America (West), Inc., received approval of the disclosure statement for its amended Chapter 11 plan of liquidation, according to an order filed with the U.S. Bankruptcy Court for the Central District of California.
The plan confirmation hearing is scheduled for Feb. 10.
The plan provides for the establishment of a liquidation trust in order to analyze and pursue all causes of action, resolving all administrative expense claims, professional fee claims and other claims, and making all distributions provided for under the plan.
Holders of administration expense claims, professional fee claims and priority tax claims will receive cash in an amount equal to the unpaid amount of their claims.
Holders of other priority claims and secured tax claims will receive payment in cash in full.
Holders of secured claims will receive, at the election of the liquidation trustee, the collateral in which holders have a security interest, any net proceeds received from the sale or disposition of the collateral, cash, or other treatment that would leave the claims unimpaired.
Holders of non-Motorola general unsecured claims will receive their pro rata share of the class 4 fund, which is $1.8 million plus an insider contribution, which is $200,000.
Holders of Motorola general unsecured claims will receive their pro rata share of the distributable cash.
Interests will be canceled with no distribution to holders.
Hytera is an Irvine, Calif.-based communications company. The company filed bankruptcy on May 26, 2020 under Chapter 11 case number 20-11507.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.